alt Hacker NewsThey’re just turning into conglomerates.
It was common in the post wwii era in America and its Asian allies like Korea with its chaebols and Japan with its somethings I can’t remember the name of. The Asian countries forms were normally based around a single family, we’ll need more time with the current US form to see if they are also dynastic
The Japanese, family-owned, generally pre-WWII conglomerates were called zaibatsus. After WWII they were (nominally) dissolved and the now more loosely connected groups of companies are called keiretsus.